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More woes for Comcast’s (NASDAQ:CMCSA) NBC, as ratings for landmark programs The Today Show (which is no longer Number One), Meet the Press, and the NBC Nightly News all slide. ABC’s (NYSE:DIS) Good Morning America recently relieved Today of its top spot, held for 16 years, and all of this might cause a reconfiguring of advertising income during this most important election year.
Ford (NYSE:F) is on the defensive, following disappointing ratings from J.D. Power on its MyFord Touch information and entertainment system, mostly stemming from confusion over the tech system. However, Ford insists that the majority of Ford owners recommend MyFord Touch, and thus it has no intentions to abandon from the platform. Meanwhile, the National Highway Traffic Safety Administration convenes a safety inquiry into Ford, over steering problems with 2011 Explorers. Most of the complaints to the agency focus on a loss of power steering that affects driving ability.
J.C. Penney’s (NYSE:JCP) travails are again being examined by industry watchers, and the conclusions are not encouraging. Observers are openly wondering if the problem is more that the failed pricing strategy that as implemented earlier this year; consumers have so far failed to be impressed with the new lines, which have left many shoppers feeling that they are just not ‘with it’. UBS analyst Michael Binetti concurs, pointing out that the retailer typically places its stores in small markets that might not put a premium on hip fashion.
Shares of LiveDeal (NASDAQ:LIVE) soar over 20 percent higher, and are now up over 60 percent for the week on heavy trading volume. Reasons for the jump seem to be twofold: rumors concerning a new mobile product coming soon; and technical indicators.
Disney’s animated feature Brave could open with a $55 million to $65 million box office take this weekend, playing into the early summer season theme of movies aimed at younger children. However, movies targeted at teenagers are turning in anemic results: Fox’s (NASDAQ:NWSA) Abraham Lincoln: Vampire Hunter is already expected to open low, along with its peer films that were supposed to get huge amounts of teenage viewers. A question comes to mind: If teens reject the Abe Lincoln flick, where else will they get real history?
General Motors (NYSE:GM) recalls over 413,000 2011 and 2012 Chevrolet Cruzes because of a difficulty with under-engine shields that might not properly protect against flammable liquids being trapped in the engine compartment.
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